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Nestle to Sell US Confectionery Business to Ferrero for $2.8bn

Jan 18, 2018

Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. ...

Tags: Nestle, Ferrero

Nestle Exploring Sale of US Confectionery Business

Jun 19, 2017

Nestlé is considering a sale of its US confectionery business, which includes brands such as Butterfinger, Baby Ruth and Crunch chocolate bars. The food and beverage giant is exploring strategic options, which would pertain to only ...

Tags: Nestle, chocolate

Hain Celestial Sets up Strategic Investment Platform Cultivate Ventures

Nov 11, 2016

The Hain Celestial Group has launched a new strategic platform Cultivate Ventures to invest in lifestyle brands, smaller portfolio brands and concepts as well as incubator opportunities. The company said that the investments should ...

Tags: Hain Celestial, Cultivate Ventures

Hershey's Kitchens Launches New Sea Salt Caramel Baking Chips

Oct 24, 2016

The Hershey Company has introduced new limited edition Hershey’s Kitchens Sea Salt Caramel Baking Chips to its line of baking products, along with a number of new Hershey’s Kitchens recipes. In addition, Hershey also updated ...

Tags: Baking Chips, baking products

Pinnacle Foods Reports 2nd Quarter Fiscal 2015 Results

Sep 16, 2015

Pinnacle Foods reported its financial results for the second quarter ended June 28, 2015 and raised its guidance for full-year adjusted diluted earnings per share to $1.89 to $1.91, representing the high end of its previous $1.86 to $1.91 ...

Tags: Pinnacle Foods, Grocery, Foods

Krusteaz Announces Today The National Availability of Its First Line of Flatbread Mixes

Sep 28, 2014

Krusteaz, maker of premium baking, pancake and waffles mixes, announces today the national availability of its first line of flatbread mixes, incredibly versatile pantry staples that give consumers everything they need to create ...

Tags: Krusteaz, Flatbread Mixes, Food

Dr. Oetker Canada Dessert Brands and Dry Baking Products

May 23, 2014

Dr. Oetker Canada, the maker of Frozen pizza brands, dessert brands and dry baking products, has announced the official opening of the company's new frozen pizza production facility in London, Ontario. The plant has been in operation ...

Tags: Frozen Pizza, dessert brands

Retirees Are "More Nutritionally Aware" But Still a Enjoy a Glass of Wine

Apr 3, 2014

Retirees are "more nutritionally aware" but still a enjoy a glass of wine As life after retirement often equates to more time spent at home, eating in can take on new meaning for older consumers who may now have more time to cook and may ...

Tags: Baking products, shopping baskets, Agriculture, Food

Pinnacle Foods' Q4, Full-Year 2013 Results Was Announced

Mar 10, 2014

Pinnacle Foods Inc. today reported double-digit growth in net earnings for both the fourth quarter and full year of fiscal 2013 ended December 29, 2013, achieving the top of its EPS guidance range. The Company also provided its outlook for ...

Tags: Pinnacle Foods, Food

Use of Food Grade Gum as Additive Is Extensively Used in The Food and Hospitality Industry

Nov 14, 2013

Use of food grade gum as additive is extensively used in the food and hospitality industry. One of the aspects of the gum is high stability. Basically it is a food additive and the use of this additive is meant for stabilizing the foods ...

Tags: grade, food, additive, gum

Betty Crocker Launches Its Baking Products in Partnership with Chocolate Producer Hershey

Sep 16, 2013

Betty Crocker, a brand owned by US food company General Mills, has launched its new baking products in partnership with chocolate producer Hershey. The new line of cookie mixes, cupcake mixes and frostings are made with flavors, including ...

Tags: Betty Crocker, Baking Products

Home Baking Products Firm Invested £4.2M in Expanding Its Site at Enfield

Jun 18, 2013

Home baking products firm GR Wright and Sons has invested £4.2M in expanding its site at Enfield, Middlesex – a project it expects to complete in October 2013. GR Wright makes a range of cake mixes for consumers In ...

Tags: GR Wright, home baking, Chalcroft Construction

Pinnacle Foods Has Swung to a Profit of $53m for The Fiscal Year Ended 30 December 2012

Mar 11, 2013

US-based Pinnacle Foods has swung to a profit of $53m for the fiscal year ended 30 December 2012, compared to a loss of $47m a year ago, when the company incurred restructuring and impairment charges of $156m. The company's net revenues ...

Tags: Pinnacle Foods, fiscal year, 2012

Ralcorp Holdings Agreed to a Takeover Bid From ConAgra Foods

Dec 11, 2012

US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...

Tags: Foods, Foods industry, profit, operating profit

Ralcorp Holdings Has Acquired Italian Private-Label Frozen Ready Meals Maker Gelit

Dec 11, 2012

Ralcorp Holdings has acquired Italian private-label frozen ready meals maker Gelit for an undisclosed sum. Gelit, based in Cisterna di Latina, employs around 130 staff and produces frozen ready meals for sale in the US and Italy. The ...

Tags: Ralcorp Holdings, frozen ready meals, food industry, company news

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